Hello, be carefull, the bullish momentum is becoming strong on all GBP pairs. Take a look at D1 charts of GBP related pairs: GPBNZD, GBPAUD, GBPCAD, GBPCHF... this can give you a better direction. Best regards
I wish this trade will work. From my personal experience its better to think consistently: we cannot have a bullish bias on all GBP pairs and a bearish bias on this one. It a game of probabilities: now a bullish direction is more probable
I was always a big proposer of divergences, and on stochastics seeing that H4 and Daily are showing bullish divergence and US CB indicator showing a better than expected improvement I would say that it is more probable to see an uprise toward 38.2 fibonacci, anyway this idea may still work in a short-term setting.